Arun Valley Hydropower to issue right shares from Baisakh 3

Kathmandu, April 2

Arun Valley Hydropower Development Company Limited is going to issue right shares from Baisakh 3. The company is going to issue new shares in the ratio of one share equal to 0.5 new shares per unit.

The company is going to sell 52,41,197 lots at Rs. 100 face value. The company had closed the book on Chaitra 9 for the rightful eviction. On the basis of the book close, only the existing shareholders till Chaitra 8 will be able to apply for the right shares.

Muktinath Capital Limited is the sales manager of the company’s shares. Muktinath Capital, Arun Valley Hydropower Development Company, Trade Tower, Thapathali, Muktinath Development Bank’s branch offices as well as banks and financial institutions participating in the CASBA service from the Securities Board of Nepal as well as through mero share software can apply for the rights.

Currently, the company’s paid-up capital is Rs. 1 arba 4 crore 82 lakh 39 thousand 400. After this rightful eviction, the capital will increased to Rs. 1 arba 57 crore 23 lakh 59 thousand 100. The company has received permission from the Securities Board of Nepal on Falgun 25 for the rightful eviction. Applicants will be able to apply for the company’s rights till Baisakh 26.